Homes England funded rent to buy scheme launched

The properties will be also be available for shared ownership and outright purchase.

pionner places

Pioneer Places has today (18th April) announced the launch of a new housing development at the Manor House in Stechford.

The development, funded by Homes England, offers 83 new homes, ranging from two and three bed houses and flats, available for shared ownership, rent to buy and outright purchase.

Both Rent to Buy and Shared Ownership are government schemes designed to ease the transition from renting to buying a home.

The development is building properties over two sites with the first release date in September 2019 and the second in February 2020.

Simon Wilson, CEO of The Pioneer Group, commented: “Pioneer Places is part of The Pioneer Group and is currently the only housing organisation that offers Rent to Buy in Birmingham, and we are excited to deliver this option to those struggling to get on the property ladder.

“Our tenants have told us that they find it hard to secure affordable homes, so the Rent to Buy is a fantastic scheme for young people, or those whose circumstances require they find somewhere reasonably priced to live.”

Cheryl Dockery, Sales & Letting Manager for Pioneer Places, said: “We’ve had a huge amount of interest our Stechford development, which offers good quality homes to those in need.

“As Pioneer Places is part of community housing organisation, The Pioneer Group, we understand how difficult it currently is for people to take that first step on the housing ladder.”

She added: “Funding a deposit is one of the most challenging aspects of buying a home, but by taking advantage of services, residents have the opportunity to access properties that would otherwise have been unaffordable.”

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